YLDS is an SEC-registered, USD-pegged stable asset from Figure.
Figure Technology Solutions (Nasdaq: FIGR) today announced the launch of YLDS on the Stellar network, marking the first time a regulated, yield-bearing dollar product has been made available on the chain, according to a press release shared with The Defiant.
YLDS is the blockchain-native fintech’s SEC-registered, USD-pegged stable asset issued by Figure Certificate Company, combining stablecoin liquidity with money market-style yield. The product is designed for regulated entities such as fintechs and neobanks that require compliant on-chain dollar holdings.
“We built YLDS to do what banks do with your deposits: hold dollars, earn yield, move money, but onchain and regulated,” said Mike Cagney, executive chair of Figure. “Fintechs and neobanks can now access that product on the Stellar network.”
Stellar processed $55.6 billion in stablecoin payment volume in 2025, and hosts more than $2 billion in on-chain tokenized real-world assets from issuers including WisdomTree, Ondo, and Franklin Templeton, per the release.
According to RWAxyz data, Stellar ranks as the fourth-largest chain by distributed RWA value, with $1.6 billion tokenized on the network in assets that can be distributed on-chain. The launch builds on Stellar’s expanding DeFi infrastructure, which was further strengthened when RedStone brought institutional-grade oracle price feeds to the network in March, unlocking more sophisticated financial products on the chain.
Raja Chakravorti of the Stellar Development Foundation called the launch an expansion of access to “dollar-denominated stablecoin products that combine yield, usability, and global reach.”
Notably, Figure Heloc — a token representing home equity loans originated on-chain — currently ranks #9 among all cryptocurrencies by market cap.
Earlier this year, the blockchain developed by Figure, Provenance, saw its TVL hit an all-time high of $1.2 billion, driven entirely by Figure Markets’ activity, as The Defiant reported.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
